Public offer conditions: mandatory book building and institutional allocation required for qualifying public listings under amended rules. Amendment sets revised conditions for public offers to qualify for listing: a company must offer a minimum portion of each class of securities to the public by newspaper advertisement and allot applications subject to specified thresholds for minimum securities and overall offer size, and the issue must be made only through the book building method with a prescribed allocation to qualified institutional buyers. Failing these conditions, a larger minimum portion must be offered. Exchanges may relax conditions for Government Companies with SEBI approval, and certain public sector and national institution subscriptions are excluded from the public offer computation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Public offer conditions: mandatory book building and institutional allocation required for qualifying public listings under amended rules.
Amendment sets revised conditions for public offers to qualify for listing: a company must offer a minimum portion of each class of securities to the public by newspaper advertisement and allot applications subject to specified thresholds for minimum securities and overall offer size, and the issue must be made only through the book building method with a prescribed allocation to qualified institutional buyers. Failing these conditions, a larger minimum portion must be offered. Exchanges may relax conditions for Government Companies with SEBI approval, and certain public sector and national institution subscriptions are excluded from the public offer computation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
